Presentation by Jean-Claude Ménard, Chief Actuary, at the Society of Actuaries’ Annual Meeting

Presentation by Jean-Claude Ménard, Chief Actuary, at the SOA Annual Meeting on the topic of “Living to 100…will the CPP be sustainable?”

While an increasing number of Canadians are reaching the age of 100, Canadians, on average, are not expected to live that long. The most recent CPP Actuarial Report cautions that if life expectancies continue to increase at the current rate, especially for ages 75 to 89, it could put additional pressure on the minimum contribution rate causing the rate to increase above 9.9%.